The beginning of July is the beginning of the second half of the year, and just over the weekend I was looking at a calendar and marveling that we’d arrived here already. We started this feature a little over a year ago, but especially within the past 12 months, the oil industry seems like it’s been taking us all on a roller-coaster ride. On July 1 of last year, for example, Dated Brent was assessed by Platts at $110.46/b, but on July 1 of 2015 it was assessed at $61.67/b. Today, we’re attempting to pull out some highlights from the most recent part of that wild ride.
Posts Tagged ‘India’
By Vandana Hari | June 19, 2015 12:01 AM Comments (3)
The world seems to be using more oil now that it is 40% cheaper than a year ago and especially so in countries enjoying some economic growth momentum.
Depending on who you are listening to, the US, China, India and the Middle East are cited as the main drivers of demand growth in 2015, with consumption in Japan and the Eurozone improving from a low base last year, in line with their economic recovery.
By Alex Froley | June 5, 2015 12:01 AM Comments (2)
Visitors from around the world queue expectantly on the Paris streets, waiting to pass through bag searches and metal detectors to enter the show within. No, it’s not the French Open at Roland Garros, but the big event at the other end of town, the 26th edition of the World Gas Conference, taking place in the French capital all this week.
By Eklavya Gupte | May 25, 2015 12:01 AM Comments (10)
Nigeria and Angola, both situated on the west side of Africa, are two of biggest producers in the region, but the crudes from these two countries have treaded divergent paths in the past year, despite a lot of similarities.
By Elizabeth Bassett | April 9, 2015 03:34 PM Comments (4)
There are a couple months of the year that seem busier than others, and April is one in the oil industry. The first quarter has ended, and many of the editors here at Platts are readying themselves for the slew of earnings calls and reports that will be coming soon. Those quarterly updates can sometimes signal big changes – announcements about new projects, financial doings, production figures, etc. – and we wanted to assess the global oil industry now, in the calm before the storm.
By Deepak Kannan | March 27, 2015 01:15 PM Comments (0)
If you are a coal producer focused on the Chinese market, I am sure you will be scratching your head thinking about the future. Ever since China started imposing restrictions on imports, suppliers have gone on a wild hunt for buyers.
By Vandana Hari | March 20, 2015 01:58 PM Comments (1)
A swallow does not a summer make, they say.
How about two? India has just released its February oil consumption data. And rather remarkably, gasoline sales are up 18.3% on year, on the heels of a 17.7% spike seen in January.
For the two months, gasoline consumption averaged about 470,000 b/d, compared with 398,000 b/d a year ago. Read the rest of this entry »
By Elizabeth Bassett | March 18, 2015 12:01 AM Comments (2)
In the US, March often means spring break: children and young adults have a week off school and classes and families take the time to travel, have some adventures in their hometowns, or just try to catch up and catch their breath as the year continues its hurtle forward.
You may have thought we were taking a break from The Oil Big Five, since this entry is coming midmonth instead of at the beginning of March. Thankfully, that’s not the case, and we’ve caught our breath enough to share this listing of five big oil topics our oil editors and analysts worldwide think are among the most important. Leave us your thoughts in the comments below — are there others you want recognized, or would you like to chime in support that one of these topics is affecting you somehow? — and drop us your feedback on Twitter with the hashtag #oilbig5.
By Vandana Hari | February 17, 2015 07:50 AM Comments (5)
Crude oversupply is a well-known story by now. Let’s talk about demand growth – or the absence of it. Why has the near-60% crash in crude as measured between the high of mid-June 2014 and the trough of January this year ($115.06 and $46.59/b respectively for front-month Brent) not produced a demand response from Asia?